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#xau, #Looking at the weekly chart of gold;
It has maintained the upward trend that started in 2023. The declines observed are seen as intermediate corrections within the trend. It closed the week with a bullish candle. There is a possibility that subsequent weekly candles will continue to be bullish.
If this pattern continues in the coming weeks, it could test the previous high.
The 3887 level on the weekly chart is important. A daily close below this level would break the upward trend and could lead to deeper declines.